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Tuesday, December 8, 2015

Exactly How Important Is Your Credit Score?


There is a wide selection of top-quality homes to choose from throughout Chester County and Northern Delaware. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding Chester County Real Estate or the value of your home, please feel free to call me at (610) 427-4420.

Unfortunately, your credit score now plays a major role in your real estate transaction. Your score can even affect your insurance premiums for homeowner's insurance.

I don't want to scare you off, but I also don't want you to think that your credit score needs to be sparkling in order to qualify for a loan. You don't have to be in the high 700's, in fact, you can qualify if you have a score in the mid-600's.


You need to keep in mind that as your credit score drops, your interest rate will go up, as well as other fees you may have to pay. This is why your credit score impacts the cost of your mortgage.

The good news is that it's not too difficult to repair your credit. I can refer you to people who can help you repair your credit and boost your affordability. 

Please don't hesitate to contact me!